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Muscat Company reported cost of goods sold of $2,400,000 this year. The inventory account increased by $110,000 during the year to an ending balance
Muscat Company reported cost of goods sold of $2,400,000 this year. The inventory account increased by $110,000 during the year to an ending balance of $445,000. What was the cost of merchandise that Muscat Company purchased during the year?
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
